AUD/USD Forecast April 17, 2017, Technical Analysis

AUD/USD daily chart, April 17, 2017

The AUD/USD pair rallied on Friday as we continue to see a bit of a bounce due to gold and of course geopolitical risks. Adding fuel to the fire was President Trump suggesting that the US dollar was overvalued, so the US dollar loss value against several currencies. With this, I believe it’s only a matter of time before we break out to the upside and as soon as we get above the top of the range from Wednesday, the market will more than likely go looking towards the 0.7750 level above. Pullbacks should continue to be supported.

Written by FX Empire